Northern Trust open Philippines office in Manila 11 November 2014Philippines Reporter: Becky Butcher
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Northern Trust has set up a new office in Manila, the Philippines, that will support the processing and back-office functions for the bank’s global clients.
This office is Northern Trust’s third established in the Asia Pacific this year and supports its growing international business across the region.
Paula Kenee, who has been at Northern Trust since 1994, has been appointed as country head for the Philippines. Prior to her new role, she was chief operations officer for asset management across Europe, the Middle East and Africa.
The Asia Pacific is the fastest-growing global region for Northern Trust, with assets under custody growing at an annual rate of 25 percent from 2008 through 2013, and assets under management growing by more than 15 percent annually over that five-year period.
Northern Trust chairman and CEO Frederick Waddell commented: “We are pleased to establish our office in Manila, expanding our global operating centres of excellence and offering our clients increased support in their time zone.”
“The Philippines is a thriving country with a growing pool of talented, educated individuals.”
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